Home » Jobs, backlash on the employed in August: they drop by 80 thousand. But since the beginning of the year the recovery is of 430 thousand places

Jobs, backlash on the employed in August: they drop by 80 thousand. But since the beginning of the year the recovery is of 430 thousand places

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MILANO – Backlash on the number of employed in Italy: in August they fell by 80 thousand over July, while remaining sharply up (+ 162 thousand) on August 2020 which was still in the middle of the pandemic ford. And despite this, the balance of the labor market has remained largely positive since the beginning of the year, with 430,000 more employed between August and January.

According to the data just published by Istat, there are 22.78 million employed persons for an employment rate of 58.1%, down by 0.2 points on July and up by 0.8 points on August 2020.

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The monthly decline also affects men but is explained “to a greater extent for women” and involves employees, self-employed persons and all age groups, notes Istat.

Compared to the beginning of the year, thanks to the growth of the previous months (and in particular between February and June), the balance of employed persons remains positive for over 430 thousand employed – notes Istat – underlining that compared to the pre-pandemic levels (February 2020 ) the number of employees is lower by more than 390 thousand units, the employment rate and the unemployment rate are lower by 0.6 and 0.4 points respectively, while the inactivity rate is higher by one point.

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Staying at the August figure, the unemployment rate is stable at 9.3%, in line with July and down by 0.7 points on August 2020. The unemployment rate among young people (27.3%) is also stable on July.

Inactive people grew by 64 thousand in July, involving “mainly women and all age groups with the exception of 35-49 year-olds”.

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Already the Bank of Italy, no later than last week, in a note dedicated to employee employment trends (based on the flows of mandatory communications and therefore different from that of Istat which instead counts the heads) from the beginning of 2021 to the end in August he noted that 830,000 new posts had been created in eight months, understood as the balance between activations and terminations. A number well above 327,000 in 2020 and 689,000 in 2019. However, it had emerged once again on that occasion, nine out of ten positions recovered went to the “term” sector.

Lastly it was CNEL, in view of the drafting of the Nadef, to speak of the risk of “growth without employment”. Among the critical issues of this phase of strong recovery, Cnel stressed the “concrete risk of an uneven recovery between the different areas of the country, not only between North and South but also within the South itself, with marked differences between regions and in terms of the percentage ratio between the difference between imports and exports and regional GDP (which in some way measures the “economic dependence” of the geographical area), both in terms of fixed investments and in terms of employment (where the territorial difference is enormous especially in long-term unemployment) “.

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